Assistant Manager Payroll

POSITION DETAILS:

Designation: Asst. Manager HR

Business Unit: Corporate

Function: HR Operations

Location: Head Office,

ROLE OVERVIEW/ PURPOSE:

This position will manage India Payroll which includes Statutory compliance, Income Tax Management, F&F Settlements, Payroll Audit.

OVERALL JOB RESPONSIBILITIES:

Payroll Management

Monitor and Observe Overall Payroll process and ensure timely and accurate salary credit.

Effective Payroll Input management and its use for Payroll process to process Zero Error payroll

Validate and consider Reimbursement claim for India payroll.

Validation of salary register before final payroll process and post to FICO module.

Bank Account Reconciliation and recording of fallout payment.

Prepare Payroll MIS on monthly Basis and submit to the Management.

Employee F&F Settlement

Responsible for F&F Settlement and providing forecast for F&F settlement before the exit.

Track F&F settlement status and intimate to BU's for fast closing of F&F settlements.

Prepare F&F Settlement MIS and intimate Bu's and HRSS team for F&F dues recovery.

Statutory Compliance

Ensure correct mapping of statutory deduction in the system and deduct accurately through salary.

Ensure payments of statutory dues to be on time to Govt. Authority

Monitor NPS enrolment, salary revision and its deposit on monthly basis.

Income Tax Management

Pan card validation and update on the system

Validate Income tax declaration and update in the system.

Validate Income Tax deduction through salary and Deposit within due date.

Annual Income Tax proof validation and consider for Final Tax deduction.

Quarterly and annual Income tax return filing on Income Tax portal

Handel Income Tax related queries

Replay to Notice of income tax dept.

Manage Payroll Audit

Conduct sample payroll Audit on Monthly Basis to ensure that all payroll process has been followed strictly and accurately.

Reconciliation of all Statutory payments and clearing of all Payroll related GL accounts on monthly basis

Reconciliation of salary payable GL and clearing of salary payable GL account on Monthly Basis

Support Payroll and HR Audit by providing required details and documents on quarterly and annual basis.

Coordinate with All Stakeholder for Audit response.

Answer Payroll & HR Audit queries and prepare response to Audit report.

Other Payroll Activities

Prepare Managerial remuneration and KPI reports under Sect 197

Collect, Reconcile, and provide Leave Balance to Audit team on quarterly basis for Actuarial valuation.

Superannuation & Gratuity Trust Management

KEY RELATIONSHIPS/STAKEHOLDERS:

External

PF Consultant, Labour Officer, Bank Personnel

Internal (other than Direct Reports)

All India Employee, HRBP, BU HR lead, Company Auditors, Account team, Legal team

DESIRED EXPERIENCE AND KNOWLEDGE:

Educational Qualification: B. Com/ M. Com, MBA

Experience: 12+ Years

Knowledge and Skills (Functional / Technical):

SAP HR & Payroll Module, Income Tax, Advance Excel, Power Point

Leadership/Managerial Attributes:

Strong Communication and people skills, confident of interacting with all stake holders.

Stake Holder Management, Exceptional attention to detail; excellent follow-through and delivery.